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Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer

Cyber incidents and business interruption rank as the biggest company concerns for the second year in a row.

That’s according to Allianz’s Risk Barometer 2023, which found that at the same time macroeconomic developments such as inflation, financial market volatility and a looming recession, as well as the impact of the energy crisis, are the top risers in this year’s list of global business risks.

“For the second year in a row the Allianz Risk Barometer shows that companies are most concerned about mounting cyber risks and business interruption,” said AGCS Chief Executive Officer Joachim Mueller. “At the same time, they see inflation, an impending recession and the energy crisis as immediate threats to their business. Companies — in Europe and in the U.S. in particular — worry about the current ‘permacrisis’ resulting from the consequences of the pandemic and the economic and political impact from ongoing war in Ukraine. It’s a stress test for every company’s resilience.” (Click Here to Read More…)